Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS DIFF. IN VAT & SALE TAX?
- 1 Answers
- 4936 Views
- I also Faced
- E-Mail Answers
Answer / guest
vat means value added tax ,meaning a tax is imposed at every
level whenever value is added to the commodity.
Input credit is being allowed to registered dealer on the
commodity on which he is liable to charge vat on sales of
the same commodity if he has already paid vat on purchase on
input material for making that commodity.its
The basic purpose of introducing vat is to curb the practice
of dealer of tax evasion on sales & there by making it
advantageous to various parties like Dealers, Consumers,
Govt .Dealers now can claim input credit,three will be
general fall in price of goods because now there will be vat
instead of others taxes & more revenue to govt.
Sales tax is on sales of goods its one point tax . input tax
credit is not available in respect of tax paid at earlier
points.
| Is This Answer Correct ? | 7 Yes | 0 No |
Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?
What is TDS ?
How to calculate excise duty on mobile products?
dear Sir, we have purchased Small & Big size blade for manufacturing extrusion machine rubber cutting . This input vat claim it or not ? Pls informe me Regards
what is bank reconcillation statment,balance sheet,thumb rules of accounts,depreciation?
What is Labour Cess? Pl. define. & what is rate of Labour cess.
We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.
How to calculate the TDS
0 Answers Manufacturing, Wipro,
If Sales Made Against form c with Rate2%, after then we are unable to collect the form c from party, party is ready to pay debitnote to us, we also agree for this, what procedure to follow, how to pay to Vat Department and which form to be submitted.
what is service tax rate of work contract in f.y.2012-2013 and what is compos ion scheme and normal scheme
What are the present TDS rates for various transactions in Indai.
can we take input credit on interstate purchase, which is not against 'c' form. Party had charged full tax amount (cst 4%)
Audit 
